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Speak to us about our full range of offers and choose a term that suits you.
FAQs
See our latest Schedule of Fees & Charges.
Minimum deposit: You will need a minimum deposit of $10,000 to open your Citibank Term Deposit.
Proof of age: You must be over 18 years of age or older.
Personal identification: You must be able to be identified in Australia at or before account opening. This includes providing two forms of identification, one of which must be photo identification, along with your application at an Australia Post outlet.
Personal details: Residential address, contact details and your current e-mail address.
Tax File Number (TFN): Or valid exemption - you do not have to provide your TFN, but without it we will be required to deduct tax at the top marginal rate.
If you want to withdraw your Term Deposit before it matures you’ll need to give us 31 days' notice. See our 31 Day Notice Period Fact Sheet.
To be eligible for this offer you must qualify as a 'wholesale client'. This means you have a certificate issued by a qualified accountant within the last two years stating:
- You have a gross income for each of the last two financial years of at least $250,000; or
- You have net assets of at least $2.5 million.
You will also qualify as a ‘wholesale client’ if you invest at least AUD $530,000 (inclusive of fees) in one transaction, subject to certain criteria.
Important Information
1. The offer is only available by arranging a call using the 'Request a call' page or by appointment at a Citi Wealth Management Centre. It is available to wholesale investors only as defined in section 761G of the Corporations Act 2001 (Cth) who has a valid accountant's certificate certifying the investor has a gross income of AUD$250,000 or more per annum in each of the previous two years (before the certificate was issued) or has net assets of at least AUD$2.5 million. By investing in this offer you understand that you will be treated as a wholesale client. Interest rate is subject to change and is only available on new term deposits up to AUD$2,000,000 when combined with eligible investments (structured products, managed funds and bonds). Funds must be split equally between the Term Deposit and eligible investments. 31 day notice period applies to term deposits. This offer is not available to financial institutions.
2. The offer is only available by arranging a call using the 'Request a call' page or by appointment at a Citi Wealth Management Centre. Interest rate is subject to change. Interest rate only available for new to bank funds, on all term deposits under AUD$2,000,000. Promotional rate is subject to change without notice. 31 day notice period applies to term deposits.
3. Deposit accounts with Citibank with balances of up to and including A$250,000 in total for each account holders are guaranteed by the Federal Government without charge. For more details see APRA's Financial Claims Scheme website.
The Term Deposit will automatically renew for the same term at maturity unless you have nominated otherwise. Please note that the interest rate that will apply to your reinvestment will be the interest rate current on the date of maturity which may be less than what may be available to you had you made a new investment.
Investments are not deposits or other obligations of, guaranteed, or insured by Citibank N.A., Citigroup Inc., or any of their affiliates or subsidiaries, or by any local government or insurance agency, and are subject to investment risk, including the possible loss of the principal amount invested.
Investors investing in funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Past performance is not an indicator of future performance. Investment products are not available to US persons and may not be available in all jurisdictions. All investments are subject to risks and can change in value.
Any advice is general advice only. It was prepared without taking into account your objectives, financial situation, or needs. Before acting on this advice you should consider if it's appropriate for your particular circumstances. You should also obtain and consider the relevant Product Disclosure Statement and terms and conditions before you make a decision about any financial product, and consider if it's suitable for your objectives, financial situation, or needs. Investors are advised to obtain independent legal, financial, and taxation advice prior to investing.
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